Press Release

New York -- With today's growing interest in energy issues, now is a good
opportunity to re-explore the various power supply choices that are
available through energy services companies (ESCOs). Power YOUR Way, is
the program that allows customers to choose their own gas and electric
suppliers. With energy supply costs representing more than 50 percent
of a customer's energy bill, now is the time to shop and save.

Consolidated Edison Company of New York, Inc. recently included a Power
YOUR Way brochure in billing statements to help residential and small
business customers make an ESCO choice. The brochure lists ESCOs that
have fixed and variable energy pricing and other services designed to suit
customer needs. This information is also available at www.coned
http://www.coned.com and on an automated information line at
1-800-780-2884.

"No matter which energy supplier you choose, Con Edison will still deliver
the energy in a safe and reliable manner as always," said Marilyn Caselli,
Con Edison vice president, Customer Operations. "Power YOUR Way will help
customers make informed choices that may impact the bottom line on their
energy bills."

Through deregulation, the gas and electric energy marketplace was opened
to competition, enabling customers to shop around for energy from other
suppliers. Gas customers in New York City and Westchester County were
first introduced to ESCOs in 1996, and electric customers began choosing
ESCOs in 1998. Since then these new changes in the marketplace have
allowed nearly 100,000 customers to choose different energy suppliers.
Con Edison, the most reliable electric utility in the United States,
continues to deliver the energy directly to consumers.

Customers who are interested in changing their energy suppliers may sign
up with an ESCO in the Power YOUR Way program at any time. Power YOUR Way
advertisements will soon appear in newspapers and on radio stations to
inform customers further about the benefits of choosing an ESCO.

Customers curious about ESCOs will get a major league look at Power YOUR
Way on July 2 at 7:30 p.m. during a minor league baseball game between the
Staten Island Yankees and the Vermont Expos. Fans will have chances to
win prizes, participate in contests and speak directly to ESCO
representatives serving the New York area. The Power YOUR Way night
event is open to the public. The new Staten Island Yankee stadium is
located at 75 Richmond Terrace, near the Staten Island Ferry Terminal.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of
the nation's largest investor-owned energy companies, with approximately
$10 billion in annual revenues and $16 billion in assets. The utility
provides electric, gas and steam service to more than three million
customers in New York City and Westchester County, New York. For
additional financial, operations and customer service information, visit
Con Edison's web site at www.coned.com.